Debenhams
This coverage examines Debenhams’ trajectory, strategies, and impact within the UK retail sector. Reporting focuses on store operations, online developments, financial performance, brand repositioning, product ranges, and executive changes. Designed for retail professionals, it offers analysis of commercial decisions, market challenges, and opportunities relevant to department store management and broader apparel and homeware retailing.
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Apr- 2018 -19 AprilHigh Street
Debenhams profits plummet by 84%
Debenhams has announced that its pre-tax profits fell by 84% to £13.5m after the ‘Beast from the East’ temporarily closed 100 stores. The department chain also saw its like-for-like sales fall by 2.2% for the 26 weeks to 3 March, attributed to a “challenging UK market background”. Revenue also decreased…
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16 AprilHigh Street
Debenhams expected to post big dent in half-year profits
Analyst consensus expects Debenhams to report a large decrease in its profits when it publishes its half-year results next week. Figures estimate interim pre-tax profits to fall within a range of £42m-£47m and almost 50% decrease from £87.7m from the same period last year. Like-for-like sales are also expected to…
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Mar- 2018 -27 MarchOnline & Digital
ASOS to host modern slavery event at House of Lords
ASOS is co-hosting an event at the House of Lords today (27 March) with Baroness Lola Young, co-chair All Party Parliamentary Group on Ethics and Sustainability in Fashion, to identify and address shared risks in the apparel sector. The 2.5-hour meeting, set to be attended by senior representatives from ASOS’…
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13 MarchGovernment
Leading retailers support plan for sustainability and equality
Over 25 leading UK retailers, including Sainsbury’s and John Lewis, have signed up to a series of pledges to tackle global challenges over the coming decades. The ‘Better Retail Better World’ scheme includes a series of stretching targets for the retail industry to achieve by 2020, and uses the United…
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7 MarchDepartment Stores
Debenhams to rent flagship store space to hot-deskers
Debenhams is reportedly looking for a way to make use of its flagship store’s excess space by renting it to a working space company. The retailer is said to be in the early stage talks with hot-desking firm WeWork. The news comes after Debenhams chief executive Sergio Bucher announced plans…
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Feb- 2018 -13 FebruaryClothing & Shoes
Insolvency cracks showing with one in five fashion retailers
Some 19% of UK clothing retailers are currently exhibiting early warning signs that they are at risk of going insolvent, according to research by accountancy firm Moore Stephens. Out of 35,078 fashion retailers analysed, 6,580 are showing early signs of financial distress, which can include a large fall in revenue…
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8 FebruaryClothing & Shoes
Debenhams puts 320 jobs at risk with new cost-cutting drive
Fashion retailer Debenhams has announced a new cost cutting drive that could put 320 positions at risk of redundancy. The firm said the employee reshuffle will improve the company’s finances, after the group’s shares plunged by 20% due to a ‘disappointing’ Christmas trading period. A profit warning was issued due…
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Jan- 2018 -4 JanuaryUncategorized
Debenhams shares plunge 20% amid profit warning
Debenhams’ share price has lost a fifth of its value as the retailer warned full year earnings could fall to as little as £55m after a “disappointing” Christmas trading period. In a trading update for the 17 weeks to December 30, the firm said pre-tax profit would “probably” fall to…
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